Fujifilm to invest
Source: Xinhua |
October 14, 2016, Friday
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Print Edition
Print Edition
FUJIFILM Corp, a Japanese maker of photographic films, digital cameras and medical systems, yesterday said it will subscribe for ordinary shares worth HK$820 million (US$106 million) in China Resources Pharmaceutical Group Ltd.
The purchase will take place as part of the Chinese drugmaker’s planned initial public offering on the main board of the Hong Kong stock exchange.
By acquiring shares, Fujifilm aims to expand its health care business in China, including pharmaceuticals and dietary supplements, regenerative medicine and medical devices, the firm said.
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